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Month: June 2024

Posted on 21/06/2024

Singapore has much to offer on how to supply water in a safe manner: World Bank

CNA’s Elakeyaa Selvaraji speaks to Anna Bjerde, Managing Director of Operations of the World Bank, at Singapore International Water Week. They discuss the newly-launched Singapore Water Center, which aims to leverage the country’s expertise in urban water management to support the sector.

Posted on 20/06/2024

Society Pass Inc. Bolstering Subsidiaries Ahead of IPOs to Drive Growth and Customer Engagement

Southeast Asia’s premier data-driven loyalty, fintech, and e-commerce ecosystem, is gearing up for the upcoming IPOs of its key subsidiaries, NusaTrip.com and Thoughtful Media Group. NusaTrip.com, a ...

Posted on 20/06/2024

Singapore startup Carro first to tap US$1 billion HSBC Asean Growth Fund

SINGAPORE startup Carro announced on Thursday (Jun 20) that it signed a S$75 million multi-currency loan with HSBC, making the home-grown company the first to tap HSBC’s Asean Growth Fund of US$1 ...

Posted on 20/06/2024

Singapore housing site gets no bids for first time in 20 years

Singapore’s cooling property market suffered a blow after a housing site put up for sale by the government failed to attract any interest from developers for the first time in more than two decades. ( read original story ...)

Posted on 20/06/2024

Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.

Posted on 20/06/2024

Singapore stocks open subdued on Thursday amid European market losses—STI inched up by 0.01%

The broader market revealed more stocks declining than advancing, as 43 million securities worth S$53.7M changed hands in early trading.

Posted on 20/06/2024

Singapore flags crypto for ‘higher risk’ in money laundering

SINGAPORE -- Singapore has labeled cryptocurrency-related activities as "higher risk" in a report issued Thursday by enforcement agencies, signaling its financial sector to more closely guard against ...

Posted on 20/06/2024

Singapore Customs warns of new document impersonation scam

SINGAPORE – Singapore Customs is warning the public about the emergence of a new document impersonation scam. In a Facebook post on June 20, it said a member of the public has received documents that ...

Posted on 20/06/2024

Singapore to seek compensation from ship owner for oil spill, media reports say

Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary vessel that discharged the oil, local media CNA reported on Thursday.

Posted on 20/06/2024

Banking sector identified as posing the highest money laundering risk in Singapore

Controls have improved, but global threats and risk environment have also increased in complexity. Read more at straitstimes.com.

Posted on 20/06/2024

Singapore Is Again No. 1 Among 67 Competitive Economies In The Post-Pandemic World

Singapore has moved up three places to take the No. 1 spot in the World Competitiveness Ranking (WCR) 2024, published by the International Institute for Management Development (IMD). The island nation ...

Posted on 20/06/2024

Why Permira got cold feet over Golden Goose IPO

Singapore’s GIC, for example ... “The risk of this turning into a mediocre IPO was higher than the advantage of going ahead,” said one participant. Permira may attempt to revive the listing in the ...

Posted on 20/06/2024

Guzman Y Gomez surges 37% in hottest Australian IPO in three years

In 2024 so far, Australia has raised just A$98 million in IPOs, the second-lowest June half in more than ... It also has outlets in Japan, Singapore and the United States. The company said its ...

Posted on 20/06/2024

Singapore developers shun housing site for first time in 20 years as demand falters

The lack of bids for the Upper Thomson Road site a setback for efforts tackling high residential rents in the city state. ( read original story ...)

Posted on 20/06/2024

Singapore highlights banks as posing highest money laundering risk

Singapore's banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a money laundering risk assessment report published on ...

Posted on 20/06/2024

Singapore Says Banks Pose Highest Laundering Risk After Scandal

Singapore said its banking sector poses the “highest” money laundering risks to the city-state, in the wake of a scandal involving over S$3 billion ($2.2 billion) in illicit assets.

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